The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

IGM Financial Inc. Announces November 2012 Total Assets Under Management

Tuesday, December 04, 2012

IGM Financial Inc. Announces November 2012 Total Assets Under Management14:37 EST Tuesday, December 04, 2012WINNIPEG, MANITOBA--(Marketwire - Dec. 4, 2012) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total assets under management of $119.1-billion at November 30, 2012, compared with $119.9-billion at October 31, 2012 and $120.2-billion at November 30, 2011. Mutual fund assets under management were $102.4-billion as at November 30, 2012, compared with $102.9-billion at October 31, 2012 and $100.5-billion at November 30, 2011. Assets under management are shown in Table 1.Table 1 - Assets under Management 1NovemberOctoberNovember% Change% Change($ billions) (unaudited)201220122011Last MonthYOYTotal Assets under Management$119.08$119.92$120.19(0.7)(0.9)Mutual Fund Assets under Management$102.35$102.85$100.50(0.5)1.8Investors GroupMutual Funds$59.85$59.95$57.96(0.2)3.3MackenzieMutual Funds$39.60$40.00$39.74(1.0)(0.4)Sub-advisory, institutional and other$20.96$21.31$23.19(1.6)(9.6)Total$60.56$61.31$62.93(1.2)(3.8)CounselMutual Funds$2.92$2.92$2.80-4.3Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.Table 2 - Average Assets under Management 2,3($ billions) (unaudited)Quarter to DateTotal Average Assets under Management$119.09Mutual Fund Average Assets under Management$102.13Investors GroupMutual Funds$59.60MackenzieMutual Funds$39.65Sub-advisory, institutional and other$21.19Total$60.84CounselMutual Funds$2.901excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $4.3-billion at November 30, 2012 ($4.3-billion at October 31, 2012 and $3.5-billion at November 30, 2011).2excludes average assets of $4.3-billion managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.3based on daily average mutual fund assets and month-end average private, institutional, sub-advisory and other assets.IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $119 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 4,500 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: IGM Financial Inc.Ron ArnstMedia Relations(204) 956-3364ron.arnst@igmfinancial.com